Colorado Springs, Colo. – The City of Colorado Springs Community Development Division, in collaboration with the Colorado Springs Urban Renewal Authority, is pleased to announce that they are soliciting applications for its Community Development Block Grant (CDBG) Commercial Façade and Frontage Improvement Grant (CFFIG). The City is making available approximately $100,000 in matching grant funding for eligible commercial building façade and frontages within the Southeast Economic Opportunity Zone. Area map attached.
The primary purpose of CDBG funds is to serve low- and moderate-income residents who reside within the city limits of Colorado Springs. As a first year pilot program, theCommercial Façade and Frontage Improvement Grant aims to encourage commercial building owners in the Southeast Economic Opportunity Zone (SEEOZ) to invest in improvements along building façade and frontage spaces to increase their utilization as community spaces and aid in attracting and retaining tenants to improve economic opportunities. The Community Development Division and the Colorado Springs Urban Renewal Authority are seeking to fund projects that meet the needs of the community, while also meeting agencies goals. All applications must include a minimum 50% private investment match and request a minimum of $10,000 for total project costs. Property and business owners are invited to apply, provided the proposed improvements will primarily benefit low-income communities.
Upon completion of this pilot program, Community Development and the Colorado Springs Urban Renewal Authority will evaluate opportunity to extend the Commercial Façade and Frontage Improvement Grant to additional areas of the City.
The program application and guidlelines can be found at the Community Development Division’s website sunderka.
Applications selected for funding may receive less than the requested amount, depending on the number of applications received and the available funding. By applying, funding is not guaranteed to any agency or project.
For more information about the application process, please contact:
Katie Sunderlin at sunderka or 719-385-5773.